The U.S. Department of the Treasury released guidance today that restricts eligibility for tax credits for clean energy projects.

The previous tax credit applied to clean energy projects once a developer spent 5% on startup costs. The updated guidance scraps that benchmark in favor of far more stringent construction requirements.

Following the Treasury announcement, the BlueGreen Alliance issued a statement from Vice President of Manufacturing and Industrial Policy Ted Fertik:

“Trump is sabotaging our economy to get rid of sectors that he doesn’t like, and it comes at the expense of the American people. Power prices are only climbing, which means we need more energy solutions, not less. This new guidance will kill jobs and hurt the domestic supply of solar and wind equipment. These tax credits helped to forge new sectors and give working families affordable energy. Instead of supporting these efforts, Trump continues to cater to far right interests and cash in on the dirty deals he made to pass the so-called beautiful bill.”